What amount of money deposited 50 years ago at 8% interest would provide a perpetual payment of

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What amount of money deposited 50 years ago at 8% interest would provide a perpetual payment of $10,000 a year beginning this year?

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Question Posted: May 24, 2016 07:00 AM

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What amount of money deposited 50 years ago at 8% interest would provide a perpetual payment of

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The amount of money needed now to begin the ...View the full answer

Engineering Economic Analysis

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